Moving through industries and giving companies in each sector the opportunity to meet new potential business partners, BBB matchmaking is coming again this October. The world renowned fair HOST Milano for the hospitality industry will take place in Milan, Italy, and SMEs and Clusters in that sector will be able to attend BBB’s matchmaking sessions as part of the event. On the Road to HOST, we present our select highlights from the 2016/2017 Report by HOTREC (The umbrella association of Hotels, Restaurants and Cafés in Europe).
- Low VAT for hospitality and tourism services
According to the report, a low VAT boosts jobs, growth and investments in the EU. 25 out of 28 EU Member States use the possibility to apply a reduced VAT rate to accommodation, while 17 do so for restaurant services. This comes to show an advantage that is in fact in use by the hospitality industry throughout Europe.
- “From 809 million in 2005, international tourist arrivals soared to a new historic record of 1.235 million in 2016”
The report reveals that Europe is currently the most visited region in the world, shown in key figures such as 620 million arrivals in 2016. This marks a record for an above-average growth in people visiting EU countries. Needless to say, this has brought an unprecedented economic growth from the hospitality sector.
- The Hospitality industry is a small waster of food
Waste of food by the hospitality industry represents only 12% of the overall by the food service sector. Major wasters are in fact households (59%) and the processing industry (19%). Even further improvements are being sought, creating and implementing programs on food donations and food waste measurement programs.
- Reducing acrylamide in food through EU regulation
In order to reduce the presence of acrylamide, a chemical naturally formed in starchy food products and linked with carcinogenic effects, safe practices have been presented by HOTREC to the European Commission. Through mitigations methods contained in a Code of Practice, it is expected to reduce risk of the acrylamide chemical consumption.
- “Hoteliers who cry, hoteliers who laugh”, disparities between hotel activities
HOTREC, Annual Report 2016/2017, p.19
Hotel activity in 2016 has seen strong disparities from country to country. Among some, an insecurity perception rising after the terrorist attacks in Paris, Brussels and Nice, are claimed to have triggered a larger wariness of tourists. For others, a continuous growth has been seen. UK and Spain, on the other hand, saw a stable occupancy rate throughout the year achieving set growth goals.